Spreadsheets: how to use Excel to solve an equation
The tutor gives an example of using Excel’s Goal Seek.
Example:
Solve lnx + 15= 0.25x
Solution:
- Select a cell (let’s imagine e3), then name it X (or whatever name you prefer. See how to name a cell in my post here.)
- Select another cell (let’s imagine d3), then enter the formula =0.25*X
- Select yet another cell (let’s imagine c3), then enter =ln(X) + 15
- Select yet another cell (let’s imagine b3), then enter =c3 – d3
- Now, select the Data pane (it’s one of those across the top, along with Home, Page Layout, Formulas, etc). When you do, you’ll see a Data Tools area that will include What-If Analysis. Click that, then Goal Seek…
- A dialogue will open. In our case, we want b3 to have value 0. So for Set Cell we can just select b3.
- In the box To Value, we enter 0.
- Our variable is in the cell named X. In the By Changing Cell box we enter X, e3, or simply select e3.
- Clicking OK, we see the cells change as the answer evolves. Then a dialogue called Goal Seek Status opens, telling the solution if one is found. When you click OK, the solution (if found) will be applied to the relevant cells.
- In this case, it seems that X becomes 77.39566, giving b3 a value of 1.69e-5 which equals 0.0000169. Excel deems this value close enough to 0, and I tend to agree:)
HTH:)
Source:
Microsoft Excel 5.0 User’s Guide. Microsoft Corporation, 1993.
Jack of Oracle Tutoring by Jack and Diane, Campbell River, BC.
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